Just wanting to clarify information received from a BOA employee regarding Freddie Mac guidelines. I was told that if the Purchaser is a company (investor), it needs to be an LP or a LLC. It went so far as the negotiator had me provide them with an
Read more…http://speakingofrealestate.blogs.realtor.org/2013/01/01/senate-‘cliff’-bill-retains-mortgage-cancellation-relief/
This is a great way to start the new year! I still think it was important to plan ahead and build knowledge for the contingency of th
Read more…I was working a short sale on Equator, (WFB) and the buyer walked, before we submitted the SS Affidavit and some other docs requested. I have sent message after message, including directly via email and thru the Equator system that this deal is no l
Read more…I get a listing in NJ and upload it to Equator , 2 weeks later I am told short sale is denied due to investor not participating in HAFA nor can he do a co operative short sale due to information on the credit report
( client is in chapter 13 but
Read more…Homeward residential, first time I heard this lender. I have an ALL CASH offer on a Short Sale, owner occupied with 1 lien only. Buyer offers full price as is. Listing Agent got offer September, approves October submitted to lender by November.
End
Read more…I've been told by CitiMortgage that the only way the Trustee Sale Date can be postponed is that the negotiator will review the offer and send to Fannie Mae. Fannie Mae must approve the short sale offer and then they will postpone the auction date.
Read more…Hey fellow colleagues, I have a couple short-sales with Nationstar and for this one particular deal, the negotiators I ahve been assigned to, are extremely slowin responding and are never available to communicate with. I started this in September an
Read more…We started our short sale in September, accepted the banks counter on November 30 and have gone through and cleared underwriting on December 18. The only thing holding up underwriting is a short sale approval letter from nationstar. I got all the inf
Read more…I am assisting an agent in my office with a BOA short sale and I am being told the short sale is in litigation status and they will not give me any information. I have made two attempts to get it out of litigation status and nothing seems to be getti
Read more…Has Fannie Mae raised the limits they are willing to allow for 2nd lien holders from 6%?
(or did I dream that conversation?)
Read more…This is my third short sale deal but a first where the seller's agent asked for essentially three components of commissions.
First, a $2500 to be paid to some "short sale and consulting services".
Second, a flat $2495 to be paid to the realtor as "a
Read more…I'm fairly new to the site and might be overlooking the answer to this.
I was trying to search the forum post to see if there was a discussion about paying a Short Sale Transaction Facilitator. I'm in the Dallas/Fort Worth area. I'm thinking of l
Read more…If the listing agent and the seller are not related but the listing agents wife wants to put in an offer on home. Will the bank let this go thru or is this considered arms length even though no one is related to seller? Thank you
Read more…Need help with HSBC unreal valuation. Bpo performed by out of area agent, now 4 months old, hsbc will not order new bpo, will not consider comps, will not budge on valuation. Any suggestions greatly appreciated.
Read more…Bank of America is asking for a BAI (buyers acknowledgment of Interest) form, has anyone used it before, any issues with it?
Thanks
Read more…Hi everyone. On Thursday, we got the call that we have been waiting for. The short sale bank approved our lender's lower appraisal. We are so happy about that. There are still some things that have to happen. Now they have to se
Read more…Here in Las Vegas we have been experiencing ongoing valuation issues with Fannie Mae. I've noticed the issues personally since Summer of 2012 and we're still experiencing the same issues as we come into 2013. I have multiple Fannie Mae files with c
Read more…I came here tonite to ask a question..then 'heard' answers from some of the awesome agents I have conversed with, (or just stalked!)..never needed to even ask...Thanks for sharing all year..may your year be less stressful, and more profitable in 201
Read more…I have a short sale listing in a sought after neighborhood, I am receiving offers from investors that are offering money to the seller to accept their offer. Is there a way to do this ethically and legally? I would like to get this for my seller, but
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